“POV Announces New Leadership: Emphasizing Professionalism and Sustainable Growth”
An announcement ceremony was held on August 1, 2025, at the company’s office, with the attendance of Mr. Nguyen Mau Dung, Chairman of the Board of Directors of POV and Member of the Board of Directors of Vietnam Oil and Gas Group (PVOIL); Mr. Hoang Nguyen Thanh, Director and Secretary of the Party Committee; along with other leaders and key officials of POV.
Chairman Nguyen Mau Dung expressed his confidence in Mr. Le Duc Dan’s ability to effectively accompany the Executive Board in achieving the goals set for 2025 and the long-term development orientation. He emphasized that leadership entails not only professional expertise but also requires courage, ethics, and a spirit of openness to criticism.
In his acceptance speech, Mr. Le Duc Dan pledged to strive for improvement, renew his thinking, and foster collective unity to overcome challenges, thus contributing to the sustainable development of POV.
Mr. Le Duc Dan (center) receives flowers from POV’s leaders – Photo: POV
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Regarding business performance, POV’s results for the first half of 2025 were relatively stable. In the second quarter, the company recorded an after-tax profit of 4.6 billion VND, a 90% increase compared to the same period last year, despite a decrease in revenue. This was achieved through cost-cutting measures. However, for the first six months, the after-tax profit was 4.1 billion VND, a 27% decrease and the lowest for the same period since 2020. Revenue for the first half decreased by 11% to 2.1 trillion VND.
POV is one of the 19 subsidiary units in charge of petroleum business under the Vietnam Oil and Gas Group (PV OIL, UPCoM: OIL). PV OIL currently holds 56.5% of POV’s charter capital. Other major shareholders include the Hanoi Mineral and Trade Corporation, which owns 10%, and Vietnam LPG Trading Joint Stock Company, which holds 9.98%.
Established in 2007, POV is the managing unit of Vung Ang petroleum warehouse with a capacity of 110,000 cubic meters. Its main market is in the North Central region, including Nghe An, Ha Tinh, and Quang Binh (formerly known as North Central Vietnam).
– 18:45 08/05/2025
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